Lovely Manufacturing has scheduled production as follows for the next several months: Months Production January 1,000 February 1,200 March 1,400 Assume that it takes two pounds of raw material to make one finished unit and that ending inventory of raw materials for any month is scheduled to be 25% of next month production needs. 34. The desired ending inventory of raw materials in pounds for February is: a. 350 b. 200 c. 1,400 d. 500 35. The pounds of raw materials purchased during January is: a. 1.000 b. 2,000 c. 2,100 d. 2.600 36. The pounds of raw materials used for February production is a. 2.400 b. 2,500 c. 3,000 d. 3,100

Li Company manufactures a product requiring 2 pounds of raw material for each finished unit. Raw materials inventory had a balance of on March 1 was 7,000 pounds. The company wants to maintain an ending inventory equal to 40% of the next month’s production needs. Production for March and April is projected to be 4,000 and 5,000 units, respectively. How many pounds of raw material must be purchased in March?

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2. Lens Junction has required production of 15,400 units in January and 18,100 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound and 3 ounces of solution costing $3 per ounce. Desired inventory levels are:   Jan. Feb. Mar. Beginning Inventory:       Finished Goods (units) 4,500 4,900 5,000 DM - Silicon (pounds) 8,500 9,100 9,200 DM - Solution (ounces) 11,200 12,000 13,000 PLEASE NOTE: Units are rounded to whole numbers with commas as needed (i.e. 1,234) - no labels. All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345), except for any "per" amounts (units, pounds, ounces, or dollars), which are rounded to two decimal places and shown with  "$" and commas as needed (i.e. $1,234.56) - no labels. Cost per Pound Desired Ending Inventory DM per Unit Ounces Needed for Production Required DM Ounces Pounds Needed for Production Units to be Produced Total Cost of DM Purchase Required DM Pounds…

Oak Industrial has estimated that production for the next five quarters will be:. Production Information 1st quarter, 2020   44,100 units 2nd quarter, 2020   40,000 units 3rd quarter, 2020   48,200 units 4th quarter, 2020   37,600 units 1st quarter, 2021   45,700 units Finished units of production require 6 pounds of raw material per unit. The raw material cost is $7 per pound. There is $277,830 of raw material on hand at the beginning of the first quarter, 2020. Oak desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter.Prepare quarterly direct materials purchases budgets for Oak Industrial for 2020.

The following information is located in the production department of Mindy Ca Second First Quarter 14,300 Quarter Third Quarter Fourth Quarter 21,000 22,500 21,300 Units produced Other information found in the production department includes: Prior Year Ending RM Inventory Prior Year Ending A/P Pounds of RM per unit The ending raw material inventory per month should be 25% of the following month's production needs. The desired ending inventory for the fourth quarter is 3,700 pounds. Management plans to pay for 70% of the raw material purchases in the month bought and 30% in the following month. Direct Materials Budget Question: Given the data, the second quarter direct materials budget should be: Costs of Raw Materials per pound 5. $ Cost of DM Purchased: 10,725 11,775 First Second Quarter Quarter Third Quarter Fourth Quarter $ 4.50 $ 4.50 $ 4.50 $ 4.50

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For Crane Company, units to be produced are 5,300 in quarter 1 and 7,420 in quarter 2. It takes 1.6 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2022. $ $ CRANE COMPANY Direct Labor Budget 1 Quarter $ $ 2 $ Six Months

Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The Marketing Department has estimated sales as follows for the remainder of the year (in units): 36,000 October 26,000 82,000 November 12,500 September 51,000 December 13,000 July August The selling price of the beach umbrellas is $15 per unit. b. All sales are on account. Based on past experience, sales are collected in the following pattern: 30% in the month of sale. 65% in the month following sale 5% uncollectible Sales for June totaled $465,000. c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's…

King purchases two components for its primary product. They need 3 of Component A and 2 of Component B for each unit of the primary product. Component A costs $3; Component B costs $5. Other facts: Forecasted Primary Product Production: January: 19,500 units February: 19,600 units March: 23,000 units April: 27,000 units   Ending component inventory should equal 20% of next month’s production needs. Assume December’s ending inventory met this requirement.   Calculate purchases for both Components in both units and dollars by month for Q1.